alt Hacker NewsThe tricky thing about predictions made by public entity or persona is that, the fact that they are making public predictions creates a major influence on the outcome itself. People react to predictions made by them.
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Yep. That's why predicting the future of a system you're a part of is sometimes literally impossible; it boils, fundamentally, to the fact that logical negation doesn't have a fixed point.
A major reason why the new Fed chair is refusing to provide forward guidance, in a major departure from all(?) previous Fed chairs and will likely require textbooks to be rewritten.
I don’t think The Economist has that kind of power. More likely that when they make covers like these every normie feels that way and it’s going the other way soon, as it has exhausted every buyer or seller and it has reached the ends of your earth and your Mom and Dad even feel that way.
https://www.readtrung.com/p/the-economist-cover-curse-explai...
The thing with the Economist is that they have a style that’s like an erudite version of the old Time magazine — that is stories written to say what the editors want. Except the economist is way more dogmatic.
I used to read it regularly. I can’t imagine anyone looking to them for predictions, as even a casual reader could probably outline the magazine’s views on most any topic. Let me skim 4-5 recent issues, and I could probably replicate anything they would predict with like 85% accuracy!
I will say that my favorite part of the magazine was the wacky ads for big shots working for African countries, various UN things, NGOs, etc.